Rob Feckner was elected chairman of CalPERS investment committee today. He is vice president of the systems board of administration. Priya Sara Mathur, a principal financial analyst for Bay Area Rapid Transit District, was elected vice chairman.
Separately, the $134 billion California Public Employees Retirement System, Sacramento, underperformed other large pension funds last year. CalPERS returned -9.5%, compared with the -9.1% median for the Wilshire Associates large fund universe. Underperformance primarily came from corporate bonds, currency overlay and real estate, according to data from consultant Wilshire and CalPERS staff.